SPARC/Sec/SE/2021-22/93

March 21, 2022

National Stock Exchange of India Ltd.,

BSE Limited,

Exchange Plaza, 5th Floor,

Market Operations Dept.

Plot No. C/1, G Block,

P. J. Towers,

Bandra Kurla Complex,

Dalal Street,

Bandra (East), Mumbai - 400 051.

Mumbai - 400 001.

Ref: Scrip Code: NSE: SPARC; BSE: 532872

Dear Sir/ Madam,

Sub: Intimation of Outcome of the meeting of the Securities Allotment Committee held today i.e. on March 21, 2022, in terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We refer to our letter dated July 08, 2021 bearing reference no. SPARC/Sec/SE/2021-22/32, whereby an intimation was made w.r.t. allotment of 6,24,74,082 warrants, each convertible into or exchangeable for one fully paid up equity share of Re. 1 each of the Company, at an issue price of Rs. 178/- on preferential basis to 31 allottees (warrant holders), as per the list forming part of the said letter.

Pursuant to the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the warrant holders had paid 25% (Rs. 44.50/- per warrant) of the issue price of the warrant as the warrant subscription price. The balance 75% (Rs.133.50/- per warrant) of the issue price of warrants was to be paid at the time of exercise of option to apply for fully paid -up Equity shares of Re. 1/- each of the Company, against each such warrants held by the warrant holder.

In view of above and upon receipt from one of the warrant holder, a written notice and balance 75% (at the rate of Rs. 133.50/- per warrant) payment for the warrants so opted for conversion, the Securities Allotment Committee (Committee) of the Board of Directors of the Company at its meeting held today i.e. March 21, 2022 has allotted 84,26,966 equity shares of Re. 1/- each, upon conversion / exchange of equal number of warrants, as per the details given below:

Name of the

Number of

Balance Amount

Number of equity

Allottee

warrants

(In Rs.) Received

shares allotted,

opted for

(@Rs. 133.50 per

upon conversion /

conversion

warrant)

exchange of

warrants

Dilip Shantilal

84,26,966

1,12,49,99,961

84,26,966

Shanghvi

The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

Post the above allotment, the paid up capital of the Company has increased from Rs. 26,34,52,000 (26,34,52,000 equity shares of face value of Re. 1/- each fully paid up) to Rs. 27,18,78,966/- (27,18,78,966 equity shares of face value of Re. 1/- each fully paid up).

The meeting of the Committee commenced at 11:00 A.M. and concluded at 11:30 A.M.

Thanking you,

Yours faithfully,

For Sun Pharma Advanced Research Company Limited

Dinesh Lahoti

Company Secretary and Compliance Officer

ICSI Membership No. A22471

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Sun Pharma Advanced Research Company Limited published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 06:57:02 UTC.